Economy shows signs of soft patch as oil, rates weigh on consumers

Article Abstract:

Consumer spending in the United States is low with 0.3 percent increase in retail sales in March from February, 2005. The United States economy is slowing with less job growth and a drop in consumer confidence, it is consumer spending that drives global economic growth. The International Monetary Fund forecasts that United States economic growth would slow from 4.4 percent last year to 3.6 percent this year and world economic growth would slow from 5.1 percent to 4.3 percent.

United States, International Monetary Fund, Economic indicators, Global economy

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Singing in the rain

Article Abstract:

The effect of good monsoon on the Indian consumer spending has been presented. Some economists feel that increase in the Indian consumer spending will also help the growth of manufacturing sector leading to higher Gross Domestic Product (GDP) growth that is expected to reach 6.5% to 7%.

India, Gross domestic product, Monsoons

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